Exhibit No. 12 (c)

FLORIDA POWER CORPORATION

d/b/a PROGRESS ENERGY FLORIDA, INC.

Computation of Ratio of Earnings to Fixed Charges and

Ratio of Earnings to Fixed Charges and Preferred Dividends Combined

For the Years Ended December 31

(dollars in millions)	2006		2005		2004		2003			2002
Earnings, as defined:
Net income	$	328	$	260	$	335	$	297		$	325
Fixed charges, as below		159		138		122		103			114
Income taxes		193		121		174		147			163
Total earnings, as defined	$	680	$	519	$	631	$	547		$	602
Fixed Charges, as defined:
Interest on long-term debt	$	145	$	116	$	107	$	103		$	99
Other interest		10		18		10		(6	)		10
Imputed interest factor in rentals - charged
principally to operating expenses		4		4		5		6			5
Total fixed charges, as defined		159		138		122		103			114
Preferred dividends, as defined		2		2		2		2			3
Total fixed charges and preferred dividends combined	$	161	$	140	$	124	$	105		$	117
Ratio of Earnings to Fixed Charges		4.28		3.76		5.17		5.31			5.27
Ratio of Earnings to Fixed Charges and Preferred Dividends Combined		4.22		3.71		5.08		5.21			5.13